Enersys (ENS) Getting Somewhat Favorable News Coverage, Study Finds
News headlines about Enersys (NYSE:ENS) have been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Enersys earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave headlines about the industrial products company an impact score of 46.6441275595274 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the news headlines that may have impacted Accern’s rankings:
- Lead-acid Battery Market In Southeast Asia 2017-2021: Key Vendors Are East Penn Manufacturing, EnerSys, Exide Technologies, Yuasa And C&D Technologies (thestreet.com)
- AZZ Misses Q2 Earnings Estimates on Hurricane Harvey Impact (finance.yahoo.com)
- EnerSys :ENS-US: Earnings Analysis: Q1, 2018 By the Numbers : October 2, 2017 (finance.yahoo.com)
- ETFs with exposure to EnerSys : October 3, 2017 (finance.yahoo.com)
Shares of Enersys (NYSE ENS) opened at 68.47 on Thursday. The stock’s 50 day moving average price is $65.90 and its 200-day moving average price is $73.71. Enersys has a 52 week low of $61.33 and a 52 week high of $84.74. The stock has a market cap of $2.97 billion, a price-to-earnings ratio of 18.45 and a beta of 1.70.
Enersys (NYSE:ENS) last released its quarterly earnings results on Wednesday, August 9th. The industrial products company reported $1.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.01). The firm had revenue of $622.60 million for the quarter, compared to analysts’ expectations of $615.77 million. Enersys had a return on equity of 18.90% and a net margin of 6.86%. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.14 EPS. Equities analysts anticipate that Enersys will post $4.67 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were paid a dividend of $0.175 per share. The ex-dividend date was Thursday, September 14th. This represents a $0.70 dividend on an annualized basis and a yield of 1.02%. Enersys’s dividend payout ratio is presently 18.87%.
Enersys declared that its board has initiated a share repurchase program on Wednesday, August 9th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the industrial products company to buy up to 3.2% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s leadership believes its stock is undervalued.
Several research firms have issued reports on ENS. BidaskClub lowered Enersys from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 27th. ValuEngine lowered Enersys from a “buy” rating to a “hold” rating in a research note on Saturday, August 26th. Zacks Investment Research upgraded Enersys from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Oppenheimer Holdings, Inc. restated a “buy” rating and set a $82.00 price target (down previously from $92.00) on shares of Enersys in a research note on Wednesday, August 9th. Finally, Sidoti upgraded Enersys from a “neutral” rating to a “buy” rating and set a $83.00 price target on the stock in a research note on Thursday, August 17th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $82.50.
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EnerSys is a manufacturer, marketer and distributor of industrial batteries. The Company manufactures, markets and distributes related products, such as chargers, power equipment, outdoor cabinet enclosures and battery accessories, and provides related after-market and customer-support services for industrial batteries.
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